Label. Italy GDP Last Previous Highest Lowest Unit; GDP Growth Rate -13.00-5.50: 6.00-13.00: percent: GDP Annual Growth Rate -18.00-5.60: 10.30-18.00: percent: GDP 2001.24: 2085.76: 2398.86: 40.39: USD Billion: GDP Constant Prices 354245.50: 407347.30: 452898.00: 294839.30: EUR Million It follows a downwardly revised 0.2 percent contraction in the previous period, entering recession. Download historical data for 20 million indicators using your browser. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. Download historical data for 20 million indicators using your browser. Both consumer spending (-6.7 percent vs -4 percent in Q1) and gross fixed capital formation (-2.6 percent vs -1.4 percent) declined at a faster pace, while government expenditure went down 0.2 percent, the same as in the prior period. Italy's gross domestic product shrank by 12.4 percent on quarter in the three months to June 2020, following a revised 5.4 percent contraction in the previous period and compared to market expectations of a 15 percent fall, a preliminary estimate showed. Italy GDP Growth Rate - data, historical chart, forecasts and calendar of releases - … Accordingly, price movements will not inflate the growth rate. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page.

Italy Construction Activity Rises for 5th Month, Italy Services Sector Shrinks Less than Expected, Italy Jobless Rate Falls to 9.7% in August, Italy Factory Activity Growth at 27-Month High, Italy Consumer Prices Fall More than Expected, Italy Producer Prices Fall the Least in 6 Months, Italy Consumer Morale Improves to 6-Month High, Japan Total Cash Earnings Fall for Fifth Month.

In 2021, the economy is projected to recover only some of this year’s losses, as structural weaknesses persist. Italy’s GDP shrank 5.3 percent on quarter in the three months to March of 2020, down from earlier estimates of a 4.7 percent drop as the country was the epicenter of the coronavirus pandemic during March. Real GDP (constant, inflation adjusted) of Italy reached $2,118,779,147,896 in 2017. GDP Growth Rate in Italy averaged 0.50 percent from 1960 until 2020, reaching an all time high of 6 percent in the first quarter of 1970 and a record low of -13 percent in the second quarter of 2020. Direct access to our calendar releases and historical data. GDP Actual Q4 Q1 Q2 Q3 2021; GDP Growth Rate (%)-13.00 4.4: 2.9: 1.9: 0.8: 1.6: GDP Annual Growth Rate (%)-18.00 -4: 1: 16.2: 9.5: 2.9 If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. The Trading Economics Application Programming Interface (API) provides direct access to our data. > GISCO:Geographical Information and maps. Italy’s GDP shrank 5.3 percent on quarter in the three months to March of 2020, down from earlier estimates of a 4.7 percent drop as the country was the epicenter of the coronavirus pandemic during March. From the demand side, both the domestic and external demand contributed negatively to the GDP. In 2019 GDP increased by 0.3% over 2018 and the deficit/GDP ratio reached -1.6%. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. GDP … It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Publish your articles and forecasts in our website. Italy gdp growth rate for 2017 was 1.67%, a 0.37% increase from 2016. World Bank national accounts data, and OECD National Accounts data files. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Reference period: Year 2019 | Date of Issue: 11 September 2020. Italy is the ninth largest economy in the world and the third largest in the Euro Zone. Please check your download folder. Year-on-year, the economy contracted a record 17.7 percent, entering a steep recession. Italy Construction Activity Rises for 5th Month, Italy Services Sector Shrinks Less than Expected, Italy Jobless Rate Falls to 9.7% in August, Italy Factory Activity Growth at 27-Month High, Italy Consumer Prices Fall More than Expected, Italy Producer Prices Fall the Least in 6 Months, Italy Consumer Morale Improves to 6-Month High, Japan Total Cash Earnings Fall for Fifth Month. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Please check your download folder. It was the steepest contraction since comparable records began in 1995. Typology: Press release; Themes: National accounts; Annual report 2020 A summary of the Annual Report 2020 on the state of Italy is now available in English. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Please check your download folder. Exports of goods and services account for 30 percent of GDP while imports for 27 percent, adding 3 percent to total GDP. Show table location in data tree . Italy’s GDP shrank 4.7 percent on quarter in the three months to March of 200, following a 0.3 percent contraction in the previous month and entering a recession, preliminary estimates showed.
It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Download table . The country has a diversified industrial base driven in large part by manufacturing of high-quality consumer goods. It was the steepest contraction since comparable records began in 1995 and compared to market expectations of a 5 percent decline, as the country was severely hurt by the coronavirus pandemic during March. Reference period: Year 2019 | Date of Issue: 22 September 2020.
Year-on-year, the economy contracted a record 17.7 percent, entering a steep recession. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Also Show. Also, external demand contributed negatively to the GDP (-2.4 percent). 1961 - 2019. 1960-2020 Data | 2021-2022 Forecast | Calendar | Historical. Year-on-year, the economy contracted 4.8 percent, the most since Q3 2009 and following a 0.1 percent expansion at the end of 2019. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. License: CC BY-4.0 Line Bar Map. Italy Economic Growth The economy will contract sharply this year amid business closures, evaporating foreign demand and heightened uncertainty caused by the Covid-19 pandemic. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. It was the steepest contraction since comparable records began in 1995 and compared to market expectations of a 5 percent decline, as the country was severely hurt by the coronavirus pandemic during March. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Please check your download folder. The government was forced to introduce rigid restriction measures from March 9th, which were only gradually eased from May 4th. Publish your articles and forecasts in our website. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. The calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. The Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). Italy is the second largest manufacturing economy in Europe and the third largest economy in the Euro Area. The government was forced to introduce rigid restriction measures from March 9th, which were only gradually eased from May 4th.

Italy economic growth for 2018 was $2,549.87B, a 0.3% increase from 2018. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Label. Composition of the GDP on the expenditure side: household consumption (61 percent), government expenditure (19 percent) and gross fixed capital formation (17 percent). Italy's GDP shrank by 12.8 percent on quarter in the three months to June 2020, compared to a preliminary reading of a 12.4 percent plunge and following a revised 5.5 percent contraction in the previous period. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Year-on-year, the economy contracted 5.4 percent, more than preliminary estimates of 4.8 percent decline and following a 0.1 percent expansion at the end of 2019.


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